Baking Mix & Prepared Food Production in the US
The Baking Mix and Prepared Food Production industry is growing, but displaying signs of slight stagnation as the industry matures. The industry has benefited from rising disposable income over the five years to 2018. As more consumers returned to work and discretionary incomes increased, demand grew for baked goods and precooked, convenient food items, such as prepared vegetables and refrigerated liquid eggs. Over the five years to 2023, a growing domestic economy will help drive consumer demand for value-added products, such as prepared and spiced foods, which save time and energy at mealtime. Increasing incomes and changing consumption trends in East Asia are also anticipated to expand the size of the industry's export markets. A potential hazard to the industry moving forward is growing health concerns among consumers.
Operators in this industry produce perishable prepared foods, such as sandwiches, meals and peeled or cut vegetables. Industry operators use dried and dehydrated ingredients to produce dessert mixes, flavoring powders and processed eggs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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